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Chinese stocks tumbled sharply on Wednesday to the lowest level since October 2016 amid renewed fears of an escalation in Sino-US trade tensions.

City traffic remained in good order as the city's traffic authority put up speed limits in major expressways and deployed 40 percent more traffic police than usual, according to local news portal Eastday. Cross-river ferries were suspended while emergency lanes were opened on a bridge and a tunnel for bikes and mopeds to cross the Huangpu River.

Citing the pledge of CPC Central Committee General Secretary and Chinese President Xi Jinping to be consistent in the country's policy of protecting the legal interests of foreign investors in China, Tuo said that there will be renewed efforts to attract foreign investors in the future as opening-up and reform continues.

Chinese spending on weddings differs from region to region, but overall, spending on weddings and associated travel is seeing sustained growth.

Chinese support, partnerships and investment in Uruguay could be the key to boosting the growth of the South American country, especially in trade.